Ainsworth Game Technology (AGT) has reported AU$220
Ainsworth Game Technology (AGT) has reported AU$220.2m (US$ 152.6m) inward good twelvemonth revenue, a 38% increment when compared to FY21.
This improved top-line execution swarm a yield to profitability; AGT’s total yr turn a profit after revenue enhancement (PAT) came to AU$11.8m, upward from FY21’s AU$53.4m loss.
AGT’s total yr EBITDA, meanwhile, was AU$37.1m, an melioration when compared to utmost year’s deprivation of AU$26.6m.
Ultimately, Ainsworth’s healthier carrying out reflects a paying back to more normal operating conditions post-Covid.
In particular, AGT singled come out “strong production carrying out in Second Earl of Guilford America,” where it said “high denomination games” bear on to be a strength.
Meanwhile, “improved market conditions” inward Latin America horde a 185% increase inwards revenue for this region. Venue re-openings and higher social unit sales contributed to AGT’s LatAm growth.
“I am proud of(p) to written report a great deal improved earnings from Ainsworth this year,” said AGT CEO Harald Neumann. “AGT’s performance continued to improve through and through the year goaded past re-openings and recovery in many of our major international markets.”
However, while Ainsworth’s international stage business experient top-line growth, revenue from its domestic help operations – namely, Commonwealth of Australia – remained relatively unchanged.
For FY22, this latter region produced AU$38.9m, almost superposable to finally year’s AU$39m. AGT attributed this matt public presentation to “extended lockdowns” inward New South Cambria during H1.
Neumann continued: “While our domestic execution does not in time shine our potential, I am encouraged with the investments we make made to fundamentally rising slope and farther improve gamey carrying into action which we look to present farther improvement inward our results.
“This is tonality to our long-term sustained success, and I looking at send on to updating you as we make continued progress.”
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